DODBX vs. SPY
Compare and contrast key facts about Dodge & Cox Balanced Fund (DODBX) and SPDR S&P 500 ETF (SPY).
DODBX is managed by Dodge & Cox. It was launched on Jun 25, 1931. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DODBX or SPY.
Key characteristics
| DODBX | SPY | |
|---|---|---|
| YTD Return | 12.10% | 26.83% |
| 1Y Return | 19.57% | 34.88% |
| 3Y Return (Ann) | 5.62% | 10.16% |
| 5Y Return (Ann) | 9.41% | 15.71% |
| 10Y Return (Ann) | 8.43% | 13.33% |
| Sharpe Ratio | 3.04 | 3.08 |
| Sortino Ratio | 4.41 | 4.10 |
| Omega Ratio | 1.58 | 1.58 |
| Calmar Ratio | 5.15 | 4.46 |
| Martin Ratio | 22.37 | 20.22 |
| Ulcer Index | 0.96% | 1.85% |
| Daily Std Dev | 7.04% | 12.18% |
| Max Drawdown | -50.21% | -55.19% |
| Current Drawdown | -0.94% | -0.26% |
Correlation
The correlation between DODBX and SPY is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
DODBX vs. SPY - Performance Comparison
In the year-to-date period, DODBX achieves a 12.10% return, which is significantly lower than SPY's 26.83% return. Over the past 10 years, DODBX has underperformed SPY with an annualized return of 8.43%, while SPY has yielded a comparatively higher 13.33% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DODBX vs. SPY - Expense Ratio Comparison
DODBX has a 0.52% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
DODBX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dodge & Cox Balanced Fund (DODBX) and SPDR S&P 500 ETF (SPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
DODBX vs. SPY - Dividend Comparison
DODBX's dividend yield for the trailing twelve months is around 2.69%, more than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DODBX Dodge & Cox Balanced Fund | 2.69% | 2.63% | 2.04% | 1.60% | 2.18% | 2.42% | 2.16% | 2.14% | 2.26% | 2.18% | 4.23% | 1.68% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
DODBX vs. SPY - Drawdown Comparison
The maximum DODBX drawdown since its inception was -50.21%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for DODBX and SPY. For additional features, visit the drawdowns tool.
Volatility
DODBX vs. SPY - Volatility Comparison
The current volatility for Dodge & Cox Balanced Fund (DODBX) is 2.20%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.77%. This indicates that DODBX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.